Info Edge founder and executive vice chairman Sanjeev Bikhchandani said the company was the only investor in the new round. "This is a bridge round, which will help the company (BigStylist) break even," he said.

Back-of-the-envelope calculations show the current round values BigStylist at Rs 43 crore. Bikhchandani did not comment on the valuation of the company.

BigStylist, run by Green Leaves Consumer Services Pvt. Ltd, allows customers to order beauty services at home by stylists and beauticians through its website, Android app and phone calls.

The startup was founded in July 2015 by IIT Kharagpur alumni Richa Singh, Chinmaya Sharma and Anurag Srivastava. Singh and Sharma have previously worked with Oliver Wyman and Bain & Co., after their MBAs from IIM Ahmedabad and IIM Bangalore, respectively. Srivastava is the chief technology officer and has experience in building technology products.